USD/JPY: bearish 'High Wave' pattern

12:09 13.07.2018

There's a bearish 'High Wave', which has been formed at the last local high. If this pattern confirms, there'll be a moment to have a downward correction. If so, we should keep an eye on the closest support at 111.90 as an intraday target.

We've got bearish patterns such a 'Tweezers' and a 'Harami'. Both of them have been confirmed, so it's time for a correction. Thus, the pair is likely going to test the next support at 111.90 in the coming hours.